As refinancing gains more steam, a reminder about Fed’s influence over auto lending
Charts courtesy of Caribou.
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Affordability continues to permeate VantageScore’s monthly credit discussions
Whether examining only auto-finance data or delinquency connected to products throughout the credit market, VantageScore often repeated “affordability” when detailing the September information contained in the newest installment of CreditGauge. VantageScore reported this week that average auto loan balances increased $149 month-over-month to $25,500 in September. That’s also $823 or 3.2% higher year-over-year. Meanwhile, analysts […]
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Economic roundup: ‘Subdued’ debt demand & ‘secondary risks’ no matter what Fed does
Consumer demand for taking on additional debt is already “subdued,” according to findings from a recent survey orchestrated defi SOLUTIONS. And the cost of that debt might not be mitigating as the Federal Reserve has its penultimate meeting this week to decide on any adjustments to the federal funds rate. Combining those factors, plus escalating […]
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Solutions by Text shortens brand to SBT, reinforcing commitment to consumer engagement
Last week, Solutions by Text rebranded itself as SBT in a move the company said will “reflect its evolution into a revenue activation platform.” Building on its legacy as a pioneer in compliant text messaging for the regulated financial industry, SBT highlighted that it’s bringing engagement, payments, and intelligence together to help businesses turn conversations […]
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